Empowering Imagination Applying Knowledge Exploring Innovations Tomorrow Seizing Opportunities Accelerating Business Inspiring

Innovations Empowering Imagination Applying Knowledge Explore Seizing Opportunities Accelerating Business Inspiring Tomorrow

Empowering Imagination Applying Knowledge Exploring Innovation Tomorrow Seizing Opportunities Accelerating Business Inspiring T

Overview of EntrepreneurshipOverview of Entrepreneurship

Overview of Entrepreneurship

An Entrepreneur: Acts with passionate purpose Desires independence Recognizes opportunity Manages risk and uncertainty Uses resources Creates value

Overview of Entrepreneurship

Acts with Passionate Purpose Identifies consumer need Assumes personal sacrifice Seeks solutions Acts decisively Learns quickly Pursues goal and results

Overview of EntrepreneurshipDesires Independence Possesses drive to achieve and grow Realizes strengths and weaknesses Maintains a goal perspective Invests long, irregular hours Seeks personal satisfaction/profitability Supports community activities

Overview of Entrepreneurship

Recognizes Opportunity Identifies problems/strives for solutions Possesses ability to adapt and change Evaluates individual strengths to build

teams Adapts to changing marketplace Analyzes and reacts to competition

Overview of Entrepreneurship

Manages risk Invests personal savings and time Segregates needs from wants Chooses between debt and equity Seeks knowledgeable investors Implements bootstrapping techniques Utilizes financial analysis tools

Overview of EntrepreneurshipUses Resources Recognizes people strengths Capitalizes on communication skills Designs facility based on needs Finds cost-effective materials Seeks financial backing Implements innovative solutions

Overview of Entrepreneurship Creates value!Small Businesses: Provide nearly 75 percent of new jobs Represent 99.7 percent of all employers Employ 50.1 percent of private work force Account for 39.1 percent of high tech jobs Represent 97 percent of all U.S. exporters

Overview of Entrepreneurship

An Entrepreneur: Acts with passionate purpose Recognizes opportunity Desires independence Manages risk and uncertainty Uses resources Creates value

Overview of Entrepreneurship

Discussion Questions: Name two local businesses that

were established by entrepreneurs. Discuss their products/services. How do they stay competitive? Write about their risks.